Discuss CIPS L3M2 Exam Topic 1 Question 4

Use of competition is most obviously going to influence which of the following 'rights'?

ARevenue

BTime

CPrice

DPlace

Suggested Answer: C

All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.

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29 comments · newest first

Silvana 11 months ago

Not so sure about that, could be situational.

Thaddeus 11 months ago

Competition drives prices down, for sure.

Grover 12 months ago

Surprised this isn't about time!

Stephane 12 months ago

I think it impacts revenue more.

Merilyn 1 year ago

Definitely affects price!

Claudia 1 year ago

This is tricky! I remember discussing how competition can affect place too, like distribution strategies. But I guess price seems the most obvious choice.

Jin 1 year ago

I recall something about competition impacting time as well, like how companies might rush to deliver products faster. But I'm leaning towards price being the main factor.

Iola 1 year ago

I'm not so sure about that. I feel like it could also influence revenue, especially if companies are trying to maximize their profits.

Jamika 1 year ago

I think competition mainly affects price, right? I remember a practice question that focused on how lower prices attract more customers.

Kayleigh 1 year ago

This is a good test of our understanding of competition and the marketing mix. I'll methodically go through each option and consider how competition would affect that particular "right".

Mariann 1 year ago

I'm a little confused by the wording of the question. What exactly do they mean by "rights"? Is this about legal rights or something else? I'll have to think this through carefully.

Alita 1 year ago

Okay, I've got this. Competition is going to have the biggest impact on pricing, so I'm going with option C.

Huey 1 year ago

Hmm, not sure about this one. I'll have to review my notes on competition and how it affects the marketing mix. Let me see if I can eliminate a couple of the options first.

Emilio 1 year ago

This seems like a straightforward question about how competition affects different aspects of a business. I'll need to think through the different "rights" and how competition would impact each one.

Alesia 1 year ago

Alright, I think I've got this figured out. A and B are the right answers here. Product cost by period is all about analyzing actual costs and handling periodic costs, rather than daily postings. The other options don't seem to be as directly relevant.

Yolande 1 year ago

I've got a good feeling about this one. The answer is definitely B - once the configuration, policy, and Calendar are configured.

Detra 1 year ago

I'm pretty confident the answer is Strategy. That business architecture perspective would give the necessary context and alignment to the overall business goals to make more informed decisions about application consolidation.

Mable 1 year ago

I'm going to go with the option that says the stakeholder's influence stays the same. That seems like the safest bet.

Telma 1 year ago

Wait, I'm confused. Isn't brand awareness about making the brand known to new customers? This campaign seems to be targeting existing ones.

Pearline 2 years ago

I never thought of that perspective. I agree with Thersa, B) Time makes sense.

Thersa 2 years ago

Actually, I think B) Time is the right answer. Competition can affect how quickly a product moves.

Michel 2 years ago

I see your point, but I still think it's D) Place that competition will impact.

Rodrigo 2 years ago

I disagree. I believe it's C) Price that will be influenced by competition.

Tijuana 2 years ago

I think the answer is A) Revenue.

Afton 2 years ago

Competition can also affect the time it takes for products to reach the market.

Wilburn 2 years ago

True, competition can lead to innovation and higher revenue.

Jarvis 2 years ago

But competition can also improve quality, which affects revenue.

Afton 3 years ago

I agree, competition can drive prices down.

Wilburn 3 years ago

I think the use of competition definitely affects price.

CIPS L3M2 Exam - Topic 1 Question 4 Discussion